While privatization has been well documented in terms of economic and financial analysis, little has been written about its impact on organizational culture. This paper aims to describe a crisis caused by the privatization of the organizational culture of Sumerbank, the oldest state-owned conglomer ate in Turkey, to examine the possible impact of privatization of the employ ees, and to show the culture clash between the taken-for granted economic and financial assumptions of privatization and the fact of being a "Sumerbankian"—the symbolic label of a withering organizational culture.
Get full access to this article
View all access options for this article.
References
1.
Barclays de Zoetewedd, 1990. Sumerbank Privatization Report.
2.
Beesley, M., and Littlechild, S., 1986. Privatization: Principles, Problems and PrioritiesClarendon Press, Oxford.
3.
Boston Consulting Group, 1985. Turk Tekstil Sektoru Yapisal Degisim Calismasi (Study of the change of industry structure in the Turkish textile industry).
4.
Frankfort, H., 1989. The Art and Architecture of the Ancient OrientPenguin Books, London.
5.
Gurney, O.R., 1990. The HittitesPenguin Books, London.
6.
Hanke, S.H., 1987. Prospects for Privatization. New York Academy of Political Sciences, New York.
7.
Kay, J., Mayer, C. and Thompson, D., 1986. Privatization and Regulation - the UK ExperienceClarendon Press, Oxford
8.
Kent, C.A., 1987. Enterpreneurship and the Privatizing of GovernmentQuorum Books, Connecticut.
9.
Martin, J., and Meyerson, D., 1988. Organizational culture and the denial, channeling and acknowledgement of ambiguity In Pondy, L. R., Boland, R. J. Jr., and Thomas, H. (Editors) Managing Ambiguity and Change.New York: John Wiley.
10.
Morgan Bank Report, 1986. Privatization Master Plan: First-Second Interim Reports.
11.
Morin, E., 1993. For a crisiologyIndustrial & Environmental Crisis Quarterly, 7(1): 5-22
12.
Pettigrew, Andrew M., 1979. On studying organizational culturesAdministrative Science Quarterly, 24: 570-581
13.
Smircich, L., 1983. Concepts of culture and organizational analysisAdministrative Science Quarterly, 28: 339-358.
